Going somewhat to reassure investors China Green releases their annual results this morning. Net profit compared to last year rose 25%. The stock jumps 25% as well.
Interesting tidbit about the auditors:
"CCIF CPA Limited (“CCIF”) has merged their business with PCP CPA Limited resulting
in Crowe Horwath (HK) CPA Limited (“Crowe Horwath”) operating as the merged firm
from 13 October 2009. "
Showing posts with label ccif. Show all posts
Showing posts with label ccif. Show all posts
Sunday, August 29, 2010
Monday, May 24, 2010
China/HK Fraudsters
CCIF auditors makes another ignominious appearance:
The managing director of CCIF is Charles Chan Wai Dune. He and CCIF were recently fined and reprimanded by the HKICPA for a defective audit of UDL Holdings Ltd (the company was not named but we figured it out). CCIF was replaced again as auditor of UBS by Hopkins on 26-Aug-2008. All of the audit reports on UBS since its IPO have been clean."
"It also changed its auditors from Hopkins CPA Ltd (Hopkins, formerly Albert Lam & Co) to CCIF CPA Ltd (CCIF), ostensibly because Hopkins was going to carry out an internal control review, although we cannot find any subsequent mention of this review.
The managing director of CCIF is Charles Chan Wai Dune. He and CCIF were recently fined and reprimanded by the HKICPA for a defective audit of UDL Holdings Ltd (the company was not named but we figured it out). CCIF was replaced again as auditor of UBS by Hopkins on 26-Aug-2008. All of the audit reports on UBS since its IPO have been clean."
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